The number of unemployed persons in Sweden in October amounted to 369,000, accounting for 7.5 percent, compared with 7.8 percent in September, according to a statement from the Statistics Sweden on Thursday.
A total of 112,000 persons found jobs compared with that in October 2009.
“The labor market continues to develop in a positive direction with increasing employment, more hours worked and decreasing underemployment. The positive development is strengthened since unemployment is tending to decrease and the number of long-term unemployed is not increasing,”the statement said.
“Out of the 369,000 unemployed, 121,000 were full-time students. The number of long-term unemployed amounted to 123,000 in October. The number not in the labor force was 2.1 million, while those outside the labor force due to sickness dropped by 62, 000 as the number of pensioners increased by 43,000,” the statement added.
While the chances for men is a little bit better, the employment rate in Sweden now amounted to 65.1 percent of its total 9.3 million population.
According to seasonally adjusted data, the number of unemployed aged 15-74 was 404,000 and the unemployment rate was 8.1 percent. The trend for the number of unemployed persons and the unemployment rate is continuing downward for both men and women.